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Hyundai was poised to become Tesla’s top contender. Then the U.S. blindsided it
- pubby 4y agoThis article downplays the theft problem. Too many Hyundais were shipped without immobilizers and this kills the brand's image.
- pcdevils 4y agoIn the US. They're required in the UK, EU and Canada.
- Kirby64 4y agoEvery manufacturer has plants in the US, for the most part, including Hyundai. They make ~10% of all their cars (globally) in Alabama. They could have chosen to make their EV fleet here, as well. Can't say I particularly disagree with the decision to require US manufacturing. Pretty much every other car manufacturer can do it.
- tssva 4y ago> They could have chosen to make their EV fleet here, as well. The did choose to build their EV fleet here. They were in talks to build an EV plant in GA before the inflation reduction act existed. Ground was broken in October and the plant is scheduled to be online in 2025. I don't disagree with the decision to require US manufacturing either but given the early state of the EV market I think easing that requirement in over a few years to give auto makers a chance to open new US manufacturing capacity would have been a better path.
- comice 4y agoJust another example of state capitalism. Another huge handout to Tesla. I personally happen to think it's fine for a government to do this kind of thing, but let's call it like it is!
- somat 4y agocapitalism is the free market. when something is interfering with the market, that is not capitalism, in fact, this is the opposite of capitalism, the controlled market.
- CrackerNews 4y agoCapitalism is the private ownership of the means of production in the hands of capitalists. State subsidies do not change the ownership.
- CrackerNews 4y agoState capitalism is when the state owns the means of production. The state does not own Tesla, but it will be economic protectionist for privately owned businesses under it.
- MrMan 4y agoHyundai EVs are superior, too bad this has happened